Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Sees Large Growth in Short Interest

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUBGet Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 60,505 shares, a growth of 63.7% from the August 15th total of 36,964 shares. Based on an average daily trading volume, of 56,751 shares, the short-interest ratio is presently 1.1 days. Currently, 1.3% of the shares of the company are sold short.

Fidelity Municipal Bond Opportunities ETF Price Performance

Shares of FMUB stock opened at $49.42 on Thursday. Fidelity Municipal Bond Opportunities ETF has a fifty-two week low of $49.34 and a fifty-two week high of $53.88. The stock’s 50-day simple moving average is $50.54 and its 200-day simple moving average is $50.90.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 28th were issued a dividend of $0.143 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. This is a boost from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, August 28th.

Institutional Trading of Fidelity Municipal Bond Opportunities ETF

Hedge funds have recently modified their holdings of the stock. Gainline Financial Partners LLC acquired a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the 2nd quarter worth approximately $695,000. Integrated Wealth Concepts LLC acquired a new position in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter worth about $123,000. NewEdge Advisors LLC acquired a new stake in Fidelity Municipal Bond Opportunities ETF in the second quarter valued at approximately $235,000. MCF Advisors LLC raised its stake in shares of Fidelity Municipal Bond Opportunities ETF by 45.5% during the 2nd quarter. MCF Advisors LLC now owns 1,280 shares of the company’s stock worth $66,000 after buying an additional 400 shares during the period. Finally, IFP Advisors Inc acquired a new stake in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter valued at $103,000.

About Fidelity Municipal Bond Opportunities ETF

(Get Free Report)

The Fidelity Municipal Bond Opportunities ETF seeks to provide a high current yield exempt from federal income tax, with growth of capital as a secondary objective. The ETF normally invests at least 80% of its assets in municipal securities whose interest is exempt from federal income tax.

Further Reading

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